Traditional Wound Management Market by Applications (Acute Wounds [Burns and Surgical & Traumatic Wounds] and Chronic Wounds [Venous Leg Ulcers, Diabetic Foot Ulcers, Pressure Ulcers, and Other Chronic Wounds]), Products (Bandages, Gauze, Cotton, and Tape), End-users (Home Healthcare, Hospitals, Clinics, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global traditional wound management market size was valued at USD 5.77 billion in 2020 and is projected to reach USD 7.67 billion by 2028, expanding at a CAGR of 3.67% during the forecast period, 2021-2028. The growth of the market is attributed to the rising accident cases and increasing incidences of chronic diseases across the globe.
Wound management is necessary for preventing infections and promoting patient well-being. It specifically relates to treatment options for pressure sores, skin ulcers, and other skin-breaching lesions. Wound treatment devices, advanced wound dressings, surgical wound care, and traditional wound care are the different types of wound management products. Untreated wound infection can be a potential hazard for both patients and healthcare personnel across the globe. Traditional wound dressing products are used most often as secondary or primary dressings to prevent the wound from contamination. This wound management technique helps in wound healing by controlling mechanical influences, protecting wound fluids, influencing collagen maturation, and preventing/managing infection. Traditional wound management is generally used for treating surgical wounds burns, and trauma.
The COVID-19 pandemic outbreak has a considerable impact on market growth. During the pandemic, wound management centers were not functional due to social distancing norms and lockdown implemented by government bodies worldwide. Additionally, postponed or canceled elective surgeries and disrupted workflow in healthcare systems hampered the market. However, the market is expected to recover an uptrend operation soon owing to subsiding the COVID cases significantly across the globe.
Market Trends, Drivers, Restraints, and Opportunities
- Rising number of surgical procedures across the globe is one of the key factors driving the market growth.
- Increasing road accidents, trauma events, and burn incidences is projected to boost the market during the forecast period.
- Lack of awareness among people about hard to heal wounds especially in developing countries acts as a major challenge that can restrict the market growth in the coming years.
- Emerging economies with declining rate of reimbursement policies for acute and chronic wound is expected to hamper the market growth during the projected timeline.
- Escalating demand for outpatient service is anticipated to create significant growth opportunities for the market.
Scope of Traditional Wound Management Market Report
The report on the global traditional wound management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Traditional Wound Management Market - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Applications (Acute Wounds [Burns and Surgical & Traumatic Wounds] and Chronic Wounds [Venous Leg Ulcers, Diabetic Foot Ulcers, Pressure Ulcers, and Other Chronic Wounds]), Products (Bandages, Gauze, Cotton, and Tape), and End-users (Home Healthcare, Hospitals, Clinics, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Medline Industries, Inc.; Mölnlycke Health Care AB; PAUL HARTMANN AG; Medtronic Plc; B.Braun Melsungen AG; BSN Medical GmbH; Derma Sciences Inc.; Cardinal Health, Inc.; Smith & Nephew plc; and Johnson & Johnson Pvt. Ltd. |
Traditional Wound Management Market Segment Insights
Acute Wounds segment to grow at high CAGR
In terms of applications, the market is bifurcated into acute wounds and chronic wounds. The acute wounds is sub categorized as burns and surgical & traumatic wounds. The chronic wounds segment is further segmented into venous leg ulcers, diabetic foot ulcers, pressure ulcers, and other chronic wounds. The acute wounds segment is estimated to grow at high CAGR during the forecast period owing to the increasing cases of trauma and rising incidences of burn injuries. On the other hand, the chronic wounds segment is anticipated to register significant growth during the projected period attributed to the surging number of patients with chronic diseases, such as diabetes and rising geriatric population.
Rapid healing drives the gauze segment
Based on products, the global traditional wound management market is divided into bandages, gauze, cotton, and tape. The gauze segment is anticipated to expand at robust growth rate during the forecast period attributed to this bandages are made with breathable fabric, thin, versatile, and woven bandage, which can be directly applied on the wounds. Moreover, it keeps the wound clean and helps in rapid healing of the wound, which is driving the segment growth further. However, the tape segment is projected to expand a considerable CAGR during the forecast period owing to the tape is most used product while wound dressing coupled with rising cases of acute and chronic wounds.
Hospital segment to grow at rapid pace
On the basis of end-users, the market is fragmented into home healthcare, hospitals, clinics, and others. The hospitals segmented is expected to grow at a rapid pace during the forecast period owing to the increasing number of surgeries leading to surgical wounds. Furthermore, surging cases of venous leg ulcers and diabetic foot ulcers is driving the segment growth further. On the other hand, the home healthcare segment is expected to expand at a substantial growth rate in the coming years attributed to the boost in preference of bariatric and geriatric patients to home care.
North America to constitute a key market share
In terms of region, the global traditional wound management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the increasing cases of road accidents, sports injuries, and rising incidences of chronic diseases in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the increasing number of patients with chronic diseases, such as diabetes.
Segments
The global traditional wound management market has been segmented on the basis of
Applications
- Acute Wounds
- Burns
- Surgical & Traumatic Wounds
- Chronic Wounds
- Venous Leg Ulcers
- Diabetic Foot Ulcers
- Pressure Ulcers
- Other Chronic Wounds
Products
- Bandages
- Gauze
- Cotton
- Tape
End-users
- Home Healthcare
- Hospitals
- Clinics
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Medline Industries, Inc.
- Mölnlycke Health Care AB
- PAUL HARTMANN AG
- Medtronic Plc
- B.Braun Melsungen AG
- BSN Medical GmbH
- Derma Sciences Inc.
- Cardinal Health, Inc.
- Smith & Nephew plc
- Johnson & Johnson Pvt. Ltd.
Competitive Landscape
Key players competing in the global traditional wound management market are Medline Industries, Inc.; Mölnlycke Health Care AB; PAUL HARTMANN AG; Medtronic Plc; B.Braun Melsungen AG; BSN Medical GmbH; Derma Sciences Inc.; Cardinal Health, Inc.; Smith & Nephew plc; and Johnson & Johnson Pvt. Ltd. Companies are focusing on providing advanced wound care products to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in February 2020, Integra LifeSciences Holdings Corporation, a US based medical device manufacturing company, announced a launch of AmnioExcel Plus Placental Allograft Membrane. It is a non-side specific allograft, next generation, tri-layer, and thicker membrane that consists of amnion-chorion-amnion layer, which helps in crafting surroundings for healing of complex wounds. In February 2016, Sundance Solutions, a market leader in developing innovative solutions was acquired by Mölnlycke Healthcare, a medical device company, for the prevention of pressure ulcers.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traditional Wound Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traditional Wound Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traditional Wound Management Market - Supply Chain
4.5. Global Traditional Wound Management Market Forecast
4.5.1. Traditional Wound Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traditional Wound Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Traditional Wound Management Market Absolute $ Opportunity
5. Global Traditional Wound Management Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Traditional Wound Management Market Size and Volume Forecast by End Users
5.3.1. Home Healthcare
5.3.2. Hospitals
5.3.3. Clinics
5.3.4. Others
5.3.5.
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Traditional Wound Management Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Traditional Wound Management Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Traditional Wound Management Demand Share Forecast, 2019-2026
7. North America Traditional Wound Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Traditional Wound Management Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Traditional Wound Management Market Size and Volume Forecast by End Users
7.4.1. Home Healthcare
7.4.2. Hospitals
7.4.3. Clinics
7.4.4. Others
7.4.5.
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Traditional Wound Management Demand Share Forecast, 2019-2026
8. Latin America Traditional Wound Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Traditional Wound Management Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Traditional Wound Management Market Size and Volume Forecast by End Users
8.4.1. Home Healthcare
8.4.2. Hospitals
8.4.3. Clinics
8.4.4. Others
8.4.5.
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Traditional Wound Management Demand Share Forecast, 2019-2026
9. Europe Traditional Wound Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Traditional Wound Management Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Traditional Wound Management Market Size and Volume Forecast by End Users
9.4.1. Home Healthcare
9.4.2. Hospitals
9.4.3. Clinics
9.4.4. Others
9.4.5.
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Traditional Wound Management Demand Share Forecast, 2019-2026
10. Asia Pacific Traditional Wound Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Traditional Wound Management Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Traditional Wound Management Market Size and Volume Forecast by End Users
10.4.1. Home Healthcare
10.4.2. Hospitals
10.4.3. Clinics
10.4.4. Others
10.4.5.
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Traditional Wound Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Traditional Wound Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Traditional Wound Management Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Traditional Wound Management Market Size and Volume Forecast by End Users
11.4.1. Home Healthcare
11.4.2. Hospitals
11.4.3. Clinics
11.4.4. Others
11.4.5.
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Traditional Wound Management Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Traditional Wound Management Market: Market Share Analysis
12.2. Traditional Wound Management Distributors and Customers
12.3. Traditional Wound Management Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Medline Industries, Inc.
12.4.2. Mölnlycke Health Care AB
12.4.3. PAUL HARTMANN AG
12.4.4. Medtronic Plc
12.4.5. B.Braun Melsungen AG
12.4.6. BSN Medical GmbH
12.4.7. Derma Sciences Inc.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traditional Wound Management Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traditional Wound Management Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traditional Wound Management Market - Supply Chain
4.5. Global Traditional Wound Management Market Forecast
4.5.1. Traditional Wound Management Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traditional Wound Management Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Traditional Wound Management Market Absolute $ Opportunity
5. Global Traditional Wound Management Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Traditional Wound Management Market Size and Volume Forecast by End Users
5.3.1. Home Healthcare
5.3.2. Hospitals
5.3.3. Clinics
5.3.4. Others
5.3.5.
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Traditional Wound Management Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Traditional Wound Management Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Traditional Wound Management Demand Share Forecast, 2019-2026
7. North America Traditional Wound Management Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Traditional Wound Management Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Traditional Wound Management Market Size and Volume Forecast by End Users
7.4.1. Home Healthcare
7.4.2. Hospitals
7.4.3. Clinics
7.4.4. Others
7.4.5.
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Traditional Wound Management Demand Share Forecast, 2019-2026
8. Latin America Traditional Wound Management Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Traditional Wound Management Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Traditional Wound Management Market Size and Volume Forecast by End Users
8.4.1. Home Healthcare
8.4.2. Hospitals
8.4.3. Clinics
8.4.4. Others
8.4.5.
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Traditional Wound Management Demand Share Forecast, 2019-2026
9. Europe Traditional Wound Management Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Traditional Wound Management Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Traditional Wound Management Market Size and Volume Forecast by End Users
9.4.1. Home Healthcare
9.4.2. Hospitals
9.4.3. Clinics
9.4.4. Others
9.4.5.
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Traditional Wound Management Demand Share Forecast, 2019-2026
10. Asia Pacific Traditional Wound Management Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Traditional Wound Management Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Traditional Wound Management Market Size and Volume Forecast by End Users
10.4.1. Home Healthcare
10.4.2. Hospitals
10.4.3. Clinics
10.4.4. Others
10.4.5.
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Traditional Wound Management Demand Share Forecast, 2019-2026
11. Middle East & Africa Traditional Wound Management Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Traditional Wound Management Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Traditional Wound Management Market Size and Volume Forecast by End Users
11.4.1. Home Healthcare
11.4.2. Hospitals
11.4.3. Clinics
11.4.4. Others
11.4.5.
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Traditional Wound Management Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Traditional Wound Management Market: Market Share Analysis
12.2. Traditional Wound Management Distributors and Customers
12.3. Traditional Wound Management Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Medline Industries, Inc.
12.4.2. Mölnlycke Health Care AB
12.4.3. PAUL HARTMANN AG
12.4.4. Medtronic Plc
12.4.5. B.Braun Melsungen AG
12.4.6. BSN Medical GmbH
12.4.7. Derma Sciences Inc.
The global traditional wound management market has been segmented on the basis of
Applications
- Acute Wounds
- Burns
- Surgical & Traumatic Wounds
- Chronic Wounds
- Venous Leg Ulcers
- Diabetic Foot Ulcers
- Pressure Ulcers
- Other Chronic Wounds
Products
- Bandages
- Gauze
- Cotton
- Tape
End-users
- Home Healthcare
- Hospitals
- Clinics
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Medline Industries, Inc.
- Mölnlycke Health Care AB
- PAUL HARTMANN AG
- Medtronic Plc
- B.Braun Melsungen AG
- BSN Medical GmbH
- Derma Sciences Inc.
- Cardinal Health, Inc.
- Smith & Nephew plc
- Johnson & Johnson Pvt. Ltd.
Key players competing in the global traditional wound management market are Medline Industries, Inc.; Mölnlycke Health Care AB; PAUL HARTMANN AG; Medtronic Plc; B.Braun Melsungen AG; BSN Medical GmbH; Derma Sciences Inc.; Cardinal Health, Inc.; Smith & Nephew plc; and Johnson & Johnson Pvt. Ltd. Companies are focusing on providing advanced wound care products to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.
For instance, in February 2020, Integra LifeSciences Holdings Corporation, a US based medical device manufacturing company, announced a launch of AmnioExcel Plus Placental Allograft Membrane. It is a non-side specific allograft, next generation, tri-layer, and thicker membrane that consists of amnion-chorion-amnion layer, which helps in crafting surroundings for healing of complex wounds. In February 2016, Sundance Solutions, a market leader in developing innovative solutions was acquired by Mölnlycke Healthcare, a medical device company, for the prevention of pressure ulcers.
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